The SEI price has increased swiftly since November and reached a new all-time high yesterday.

The rally has been especially rapid since December 19, leading to six bullish daily candlesticks in eight days.

SEI Moves Above $0.50

The SEI price has increased since falling to a low of $0.094 on October 19. The upward movement accelerated on November 22, causing a breakout above the previous all-time high region.

Afterward, the SEI price created another higher low on December 18 and reached a new all-time high of $0.537 yesterday. The altcoin has fallen slightly since the high.

The RSI is a momentum indicator traders use to evaluate whether a market is overbought or oversold and whether to accumulate or sell an asset.Readings above 50 and an upward trend suggest that bulls still have an advantage, while readings below 50 indicate the opposite.

Despite the price decrease, the RSI is still bullish. The indicator broke out from its bearish

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Author: Valdrin Tahiri

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